Prospective Franchisees of New Hilton Family Hotels Can Earn Hilton HHonors Bonus Points
BEVERLY HILLS, Calif. | Hilton HHonors(R), together with Hilton Hotels Corporation Franchise Development, and one of the industry's largest lenders, GE Commercial Finance, Franchise Finance (GEFF), have recently introduced a new HHonors bonus points program for investors in new Hilton Family hotel development projects. A first in the hotel financing industry, the program has been established for a three-year term effective immediately.
Hilton HHonors member investors of loan amounts less than $10 million at a new Hilton Family hotel including Hilton(R), Conrad(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R) and Homewood Suites by Hilton(R), will earn one million HHonors bonus points, while loan amounts of more than $10 million earn two million HHonors bonus points.
"This unprecedented offering is the result of the strong relationship between Hilton and GEFF," said Adam Burke, senior vice president and managing director of Hilton HHonors Worldwide. "With more than 60 new development projects scheduled during the next three years, HHonors member investors will have the opportunity to reap vast rewards."
"We typically finance four large business events – new construction, acquisitions, remodels, or refinancing," says Jeff McKee, senior vice president, hospitality, GEFF. "The HHonors bonus points program allows us to offer additional benefits to our customers that no other lender offers."
The loan originator can then choose up to five recipients for allocation of the HHonors points. Points will be awarded in their entirety after the final loan dispersal. This bonus will be available exclusively on new Hilton Family development loans and will not be available on refinances and/or conversion loans. All loans will be rounded to the nearest $10,000 to determine point award bonus. Points will be awarded in their entirety after the final loan dispersal.
In addition to its conventional hotel financing products, GEFF recently created a new "one-stop-shop" loan program with Winston Hotels to provide developers with loans for up to 85 percent of a project's construction cost. The loan dramatically simplifies the lending process by combining the first mortgage and mezzanine loan into one loan with one blended rate and one mortgage rate. The result is a speedier loan processing period that can save substantial time. The one-stop-loan program provides financing for hotel projects, including land, building, FF&E and third-party soft costs.
For more information about this new investment program, and to learn about franchise development opportunities with the Hilton Family of Hotels, please visit www.hiltonfranchise.com. To make reservations online, members can visit www.hiltonfamily.com or any Hilton Family hotel web site.
About The HHonors Program
Hilton HHonors is a guest reward program that gives frequent travelers a faster way to earn the rewards they want most. Enrolled members can Double Dip(R) to earn HHonors points and airline miles for the same stay, at nearly any rate, at more than 2,700 participating Hilton, Conrad, Coral by Hilton, Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Hilton Grand Vacations Club, Homewood Suites by Hilton and Scandic hotels around the world.
Due to the unmatched flexibility, generosity and value offered by HHonors program features, as well as the many attractive promotions that HHonors offers each year, the program has been recognized with numerous travel industry awards.
Membership in HHonors is free. Travelers may enroll online by visiting www.hiltonfamily.com. Or, to enroll instantly in the program and make reservations, consumers in the U.S. and Canada may call 1-800-HHONORS. Outside the U.S. and Canada, travelers may call the Hilton Reservations Worldwide office in their area. Travelers also may enroll at any participating Hilton, Conrad, Coral by Hilton, Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Hilton Grand Vacations Club, Homewood Suites by Hilton or Scandic hotel around the world.
The following service marks are owned by Hilton Hospitality, Inc.: Hilton(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R), Hilton Grand Vacations Club(R) and Homewood Suites by Hilton(R). Conrad(R) is owned by Conrad Hospitality, LLC.
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of more than US$230 billion and is headquartered in Stamford, Conn., USA.
About GE | GE (NYSE:GE) is Imagination at Work – a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at .
Kendra Walker
Hilton Hotels Corporation Brand Communications
310/205-4545
Hilton
